In an asset sale, Seller and Acquiror each must complete Form 8594, Asset Acquisition Statement. Under Section 1060 (Rev. Feb.The tax professional who comes into contact with such a situation should consider the need to file Form 8594, or to revise the valuation of specific assets. , a Georgia corporation (the "Seller"), RICHARD J. The first step in properly completing Form 8594 is to accurately fill out the General Information section.